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Will Hurricane Sandy drive down coastal home prices?

Posted on 29 November 2012

Hurricane Sandy made it painfully clear how fragile a city composed mostly of low-lying islands can be, and that reality has put New Yorkers in an uncharacteristically insecure mood. The New York Times expressed these anxieties this weekend in an article titled “Is This the End?” which pondered the mortality of America’s largest metropolis.
Of course all good things — even New York City — must come to an end at some point. But in the meantime, what will a world filled with higher sea levels and more extreme weather mean for New York City and other coastal communities?……………………………………….Full Article: Source


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